Delshah Capital Buys Former TGI Friday's Building
761 Seventh Avenue, Michael Shah, 80 Willoughby Street, Albert Laboz. (Google Maps, Delshah Capital, United American Land) Two of the four mid-market sales in New York City last week involved properties that had been leased by restaurants. One of those eateries, TGI Friday’s in Midtown Manhattan, closed because of the pandemic. The four investment sales combined for $81.2 million, a jump from the previous week’s $24.3 million total across two transactions. Mid-market sales involve properties that change hands for between $10 million and $30 million each. The other two deals last week were...
Source: therealdeal.com